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Value and income estimates are central to any marketing technique for deciding the viability of the deliberate enterprise. But prices are sometimes underestimated and revenues overestimated leading to later value overruns, earnings shortfalls, and presumably non-viability. All through the dot-com bubble 1997-2001 this was a problem for a lot of technology start-ups. Reference class forecasting has been developed to scale back the dangers of worth overruns and revenue shortfalls and thus generate extra accurate enterprise plans.
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